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Nov 30, 2012
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fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constip
fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state...
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Dec 5, 2012
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if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he changes the united states into a european socialism democracy and he'll be the most congress consl president of the last hundred years. >> it seems like we're close. we're right on the edge with all of the predictable results. >> i think you can be spee den if you -- sweden. he's risking ruin on a scale unknown, and of course, the other obvious point is that the youeuropeans are only able to do that because in fact the us army lives in germany and a
if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're...
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Dec 2, 2012
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the clock is ticking we're weeks away from going over that fiscal cliff. who does the president blame? republicans. >> it's unacceptable for some republicans of congress to hold middle class tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans? >> where is the compromise this morning? we'll see if we can find it. >> and he gave the homeless man a fair boost on a freezing evening. now, the officers think the act of kindness keeps getting better and updates on that heart warming story. >> plus, 'tis the season to steal. thieves may be lurking around your doorstep, tips how to protect your presents straight ahead. i've been worried about that. >> alisyn: don't leave them on your doorstep for one. >> clayton: wrap them and leave them on your doorstep. "fox & friends" hour two starts right now. ♪ >> a lot of e-mails, pouring in about tipping. and holiday tipping. good morning, thank you for joining us. she says, lo, we compost, no good scraps and take the recycling to the recycling center, i feel like i should be
the clock is ticking we're weeks away from going over that fiscal cliff. who does the president blame? republicans. >> it's unacceptable for some republicans of congress to hold middle class tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans? >> where is the compromise this morning? we'll see if we can find it. >> and he gave the homeless man a fair boost on a freezing evening. now, the officers think the act of kindness keeps...
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Dec 1, 2012
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does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 bi
does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most?...
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Nov 29, 2012
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cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shep
cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they...
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Dec 1, 2012
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especially as we are having these fiscal cliff discussions in washington figuring out who is getting tax breaks cutting loopholes and so forth. >> the reality is we spend close to a trillion dollars on the year assistance to the poor, cash, food housing medical care that does not include social security and medicare. that's about $9,000 for each recipient. 100 million people receive this aid. it's a huge amount of spending. it's ridiculous to pretend that we can spend all that money and still have kids that don't have food to eat all over the country. this is really an advertising tool poverty measure and advertising tool for expanding the welfare state and spreading the wealth. by pretending that there is a massive amount of hardship that really doesn't occur anymore in our society. >> perhaps not getting the resources to those who truly need it the most. robert rector, senior fellow at the heritage foundation. thank you for being on this morning. >> thank you. >> coming up on the show, it's been over a month since they met with fema and the president, but the sandy victims haven't
especially as we are having these fiscal cliff discussions in washington figuring out who is getting tax breaks cutting loopholes and so forth. >> the reality is we spend close to a trillion dollars on the year assistance to the poor, cash, food housing medical care that does not include social security and medicare. that's about $9,000 for each recipient. 100 million people receive this aid. it's a huge amount of spending. it's ridiculous to pretend that we can spend all that money and...
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Dec 6, 2012
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jenna: what would he say to those american citizens, though, that say, listen, over the fiscal cliff, i'm afraid of that, i don't even want to entertain the possibilities of what that would look like. >> i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reached we won't make the spending cuts. so at this point in time what is really being talked about is strictly a tax increase and freidman would have opposed that. jenna: i don't need to tell you that, there's certainly been critics of milton freidman out there. if you take the criticism togethe
jenna: what would he say to those american citizens, though, that say, listen, over the fiscal cliff, i'm afraid of that, i don't even want to entertain the possibilities of what that would look like. >> i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was...
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Dec 3, 2012
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. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. rais
. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making....
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Nov 30, 2012
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democrats want to take americans over the fiscal cliff. >> this is a thelma and louise crowd and want higheraxes and bigger government regardless of the impact on jobs and economy and america's standing in the world. >> gretchen: who could the fiscal cliff jumpers be. matt is editor in chief of the washington weekend. he's my guest. good morning. >> good morning. >> gretchen: who wants to go off of the cliff and die. >> buckle your seat. important senator is patti murray in charge of the democrat campaign committee. she got put in the position thinking it was not a good year for democrats and she turned into one. that gave her clout in the democratic caucus. when she gave a speech saying we could make a more liberal deal if we go off the cliff democrats started listening. >> gretchen: senator harry reid want to go off the cliff. >> he's playing the double game. he want to look like a deal make yer support the president. but so many democrats have a strange idea of compromise. it is all right. give me everything and i will do nothing. what we are seeing from the democrats, republicans
democrats want to take americans over the fiscal cliff. >> this is a thelma and louise crowd and want higheraxes and bigger government regardless of the impact on jobs and economy and america's standing in the world. >> gretchen: who could the fiscal cliff jumpers be. matt is editor in chief of the washington weekend. he's my guest. good morning. >> good morning. >> gretchen: who wants to go off of the cliff and die. >> buckle your seat. important senator is patti...
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Dec 7, 2012
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then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and firefighters. union members say it attacks their foundation and in all places, michigan, the cradle of organized labor. >> you will have people that will be working right alongside of you that will not have to pay union dues that you pay union dues but will still be able to get all the benefits from being a union member. >> reporter: unlike the drawnout labor standoffs we have seen. this moved rapidly through the legislature durin
then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not...
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Nov 30, 2012
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cliff. they gave themselves a ton of time to work this out. what would happen to the economy if a deal similar to the president's plan were to go into effect? fox business network stuart varney joins me right now. you listen to nancy pelosi. they made all kinds of painful concessions in order to just even put this first plan out there. melissa: look you put in place a plan like the president has proposed and it is a recipe for real economic trouble, maybe even a recession. martha, just for a second, take the politics out of this. consider where we're starting from. we have 8% unemployment, very slow growth and we have 3.5 billion added every day to our national debt. if you impose this massive tax increase and take away any restraint on the government borrowing of new money you're looking at potential higher unemployment, that the real danger you have runaway borrowing and set up what is called a debt crisis at some point in the future. this plan or anything like it, if it is imposed january
cliff. they gave themselves a ton of time to work this out. what would happen to the economy if a deal similar to the president's plan were to go into effect? fox business network stuart varney joins me right now. you listen to nancy pelosi. they made all kinds of painful concessions in order to just even put this first plan out there. melissa: look you put in place a plan like the president has proposed and it is a recipe for real economic trouble, maybe even a recession. martha, just for a...
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Dec 4, 2012
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with that they proposed a bold counter offer for averting the fiscal cliff. the republican plan seeks $800 billion through tax reform and mandatory spending cuts. the white house said that the republican proposal falls short of what the president wants and cannot be taken seriously. >> we understand they don't agree with everything but we have not seen alternatives for them and they spoke about the need for revenue and that acknowledgment is welcome. but thus far republicann leaders are adament don't believe rates should go up on the top two percent of the american people. the american people disagree. rates have to rise and the republicans need to acknowledge that. >> that's the major difference between the two sides. tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us ou
with that they proposed a bold counter offer for averting the fiscal cliff. the republican plan seeks $800 billion through tax reform and mandatory spending cuts. the white house said that the republican proposal falls short of what the president wants and cannot be taken seriously. >> we understand they don't agree with everything but we have not seen alternatives for them and they spoke about the need for revenue and that acknowledgment is welcome. but thus far republicann leaders are...